Apple's stock can't seem to catch a break lately.
Shares are off another 4 percent today, and Apple has lost a fifth of its market value since its peak in mid-September.
Over the past few months, Apple has faced questions about whether it can maintain its current dominance in the mobile industry, with its iPhone and
iPad both ceding market share to devices running on Google's
Android operating system. At the same time, investors are fretting over the decline in profit margins at the company, which executives believe is a temporary hiccup spurred by the introduction of so many different products.
There are myriad of reasons for its decline today. StreetInsider said that clearing firm COR Clearing raised its margin requirement on Apple, citing an already high concentration in the stock. That likely rippled out to other firms looking to reduce their heavy positions in the company .
Apple was also likely hurt by an IDC study issued today that calls for Apple to cede market share in the tablet market -- even as the market itself continues to gain momentum. Much of the growth in the market is expected to stem from lower-cost and smaller tablets. While Apple has a presence there with the
iPad Mini, the forecast suggests its core iPad business could face pressure.
Apple's shares did pop briefly in late November as Apple improved its supply of iPhones and the company entered the crucial Black Friday-Cyber Monday shopping frenzy. Several analysts noted that yields have improved, which could lead to better sales. But the stock's return to decline this month suggests there remains some skepticism and concern over Apple's next big growth driver.
Apple shares continue decline, slide another 4 percent
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Apple shares continue decline, slide another 4 percent
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Apple shares continue decline, slide another 4 percent
